According to Future Market Insights (FMI), an increasing number of consumers are expected to turn to food and beverage items containing mannitol as they aim for a healthy lifestyle. Driven by this, the mannitol market is expected to reach a valuation of US$ 390.9 Mn in 2021.
Growth will continue in response to the growing awareness regarding health and wellness among consumers. Coupled with this, FMI identifies the increasing demand for functional and convenience food as the chief growth driver.
Mannitol is a sugar alcohol with a low-calorie content that is made from hydrogen and fructose. It can be found in strawberries, mushrooms, marine algae, onions, celery, and pumpkins. Mannitol’s natural profile and the clear label will drive sales in the near future. These factors also distinguish it from similar artificial sweeteners.
Artificial sweeteners have essentially supplanted sugar in the baking industry, particularly as emulsifiers in baking and confectionery. Mannitol is also extensively used in chewing gum as a sweetener. Because of decreasing manufacturing costs and a greater economic scale, the mannitol market is also rising.
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Food applications of mannitol will continue rising through the course of the forecast period. According to the study, the food industry will account for over 44% of the mannitol market in 2021.
The mannitol market is forecast to exhibit steady growth, with its overall valuation reaching US$ 390.9 Mn in 2021. As per FMI, mannitol sales are expected to surge at 6.8% CAGR over the course of the assessment period. Overall growth forecast for the market will remain positive through 2031.
Volume sales of mannitol is expected to rise at 5.6% in 2021 with shipments reaching 66,898 MT in the same year. With low-calorie sweeteners projected to become highly sought-after, overall growth trajectory of the market will remain positive between 2021 and 2031.
Mannitol Market by Category
By Form:
- Powder
- Crystal
By End Use:
- Food
- Bakery Goods
- Sweet Spreads
- Confectionery
- Dairy Products
- Canned Food
- Beverages
- Carbonated Drinks
- Fruit Drinks & Juice
- Powdered Drinks and Mixes
- Pharmaceuticals
- Solid dosage forms
- Lyophilized preparations
- Medicated confectionery/ Medicated chewing gum
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Key Questions Answered in the Report
- What is the current valuation of mannitol market?
The mannitol market is expected to reach a valuation of US$390.0 Mn in 2021
- At what rate did the mannitol market grow in the last 5 years?
Over the period of last five years, from 2016 to 2020, mannitol sales grew at 5.5% CAGR
- What are the key trends prevailing in the mannitol market?
Demand for clean-label and low calorie food sweeteners is a key trend in the mannitol market. Considering this, product launches are likely to become more frequent as consumers continue exhibiting high demand for healthy ingredients.
- What are the key factors driving mannitol sales?
Mannitol market will significantly gain from the high demand for sugar alcohol in food. Sales will continue rising in response to the increasing demand for functional and convenience food products.
- What is the North America mannitol market outlook?
North America currently holds dominance in the mannitol market. It is expected remain at the top, accounting for nearly 22% of the overall market share.
- What is the cumulative share of top five companies in the mannitol market?
The top five companies, including Roquette Frères Company, Cargill Inc, SPI Pharma, Qingdao Bright Moon Seaweed Group Co., and Spectrumchemical Manufacturing currently account for 15% of the mannitol market.
- At what rate will mannitol market grow in Europe?
According to FMI, the Europe mannitol market will exhibit 6.9% CAGR between 2021 and 2031.
- Which are the top mannitol consuming countries?
Mannitol consumption is considerably high in the U.S., U.K., China, and Japan.
- Which countries are the key exporters of mannitol?
The U.S., China, Italy, Brazil, and Netherlands are the key exporters of mannitol.
- What is the value share of Japan and South Korea in mannitol market?
Japan and South Korea are estimated to hold a market value share of 33.8% and 14.2% respectively of the East Asia market in 2021.